Oil prices saw a slight dip on Wednesday morning. This followed reports of a rise in U.S. crude inventories. Meanwhile, Iraq and the Kurdistan Regional Government agreed to resume oil exports. Libya’s National Oil Corporation confirmed production continues despite a fire. Developments involving Iran and U.S. military actions near the Strait of Hormuz are also...Read More

Wall Street closed higher as travel stocks rebounded, with Delta Air Lines raising revenue guidance. Investors watched the Federal Reserve’s policy meeting amid concerns over high oil prices and the Middle East conflict. Policymakers are weighing inflation against a weakening jobs market, with expectations of unchanged interest rates.Read More

Reliance Industries is preparing for a massive IPO of its telecom arm, Jio Platforms. The company plans to file initial documents by the end of this month. This could be India’s largest ever IPO. Seventeen bankers have been appointed to manage the issue. The offering is expected to be a secondary share sale by existing...Read More

Asian equities opened higher, mirroring gains in US stocks and Treasuries as investors look past geopolitical tensions. Despite concerns over oil prices and inflation, markets show cautious optimism, with the Federal Reserve’s interest-rate decision awaited. Continued volatility is expected until the energy situation stabilizes.Read More

Gold prices remained stable as global markets assessed the economic fallout from the Middle East conflict. Renewed Iranian attacks and the killing of a senior Iranian official heightened tensions, impacting oil supplies and pushing prices above $100 a barrel. Investors await the U.S.Read More

Global markets saw a return of risk appetite on Wednesday. The dollar eased as investors looked towards key central bank announcements. The Japanese yen strengthened significantly. The euro remained steady ahead of the European Central Bank’s meeting. Investors are closely watching for commentary on inflation and economic outlook amid ongoing geopolitical tensions.Read More

Major investors offloaded Urban Company shares worth over seven hundred crore rupees. This significant stake sale occurred as the mandatory lock-in period for pre-IPO shares ended. SBI Mutual Fund emerged as a key buyer, acquiring shares valued at more than six hundred crore rupees. The transactions saw a substantial portion of the company’s equity change...Read More

India’s IPO boom is increasingly funding debt repayment over growth initiatives. Data reveals that nearly a quarter of funds raised in recent share sales are allocated to paying off borrowings, surpassing capital expenditure. This shift suggests companies are prioritizing balance sheet repair and liquidity for insiders rather than investing in new projects.Read More

Standard Chartered Bank has settled a case with market regulator Sebi. The bank agreed to pay Rs 57 lakh for alleged lapses as a designated depository participant for foreign portfolio investors. Sebi found failures in monitoring FPI disclosures and reporting changes in beneficial ownership. Delays in processing investor grouping updates were also noted. The settlement...Read More

CFM Asset Reconstruction Company has acquired Punjab National Bank’s ₹514 crore loan to Gammon India for ₹140 crore. This acquisition gives CFM control over a significant portion of Gammon’s legacy non-performing asset, primarily targeting its real estate assets. The deal represents a substantial haircut for PNB, highlighting the challenges in recovering debt from EPC companies.Read More